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What is interest on ₹200000 loan at 7.5 percent per annum for 8 months?

Answer and explanation

Correct answer: ₹10000

Eight months is ( \frac{8}{12} ) year. Interest is (200000 \times \frac{7.5}{100} \times \frac{8}{12}=10000).

Related tags

Partners-LoanInterestMonthsPartner's Loan AccountPartner S Loan AccountReconstitution Retirement Or Death Of A PartnerAccountancyClass 12 Mcq

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